Analysts Set Bird Construction Inc. (TSE:BDT) Target Price at C$33.00

Bird Construction Inc. (TSE:BDT) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$33.00.

A number of equities research analysts recently weighed in on BDT shares. BMO Capital Markets lifted their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus boosted their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. ATB Capital increased their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. TD Securities boosted their target price on Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Finally, National Bankshares increased their price target on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th.

Bird Construction Stock Performance

BDT opened at C$26.28 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The business’s 50 day moving average is C$29.10 and its 200-day moving average is C$26.36. The stock has a market cap of C$1.46 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. Bird Construction has a twelve month low of C$13.25 and a twelve month high of C$32.67.

Bird Construction (TSE:BDT) last announced its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The firm had revenue of C$898.94 million for the quarter, compared to the consensus estimate of C$961.37 million. On average, analysts predict that Bird Construction will post 2.7598533 earnings per share for the current year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Friday, November 29th. Bird Construction’s payout ratio is presently 53.85%.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.